Sold
201 Main Street
Beacon NY, 12508
$250,000
Sold
Commercial
Nearly half an acre on Beacon's bustling Main Street. 17 income producing residential rental units. 5 commercial retail spaces. As of right, possibility of building a +/- 16,000 sq. ft addition in what is now the rear parking area. All rents are undermarket. Buildings need major renovation in order to raise rents to market levels. This is a long term play for a deep pocket investor who has the vision and the means to unlock this unique property's full potential. Current cap rate is 4.5%. An + 8% cap rate is achievable.
H6183635
MLSⓇ ID
May 6, 2022
Listed
December 2, 2024
Updated
Map
201 Main Street
Beacon NY, 12508
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Natural Gas, Hot Water
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
Beacon
Other Property Details
Taxes
$40,787
Tax Frequency
Annually
Days on Market
65
Garage
No
View
No
County
Dutchess
Municipality
Beacon
Water Source
Public
Pool
No
Listed by Daniel L. Aubry with Daniel Aubry Realty, LLC
Listing Contact: 917-647-6823
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jake Garay shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 5:46 PM UTC, 12/2/2024